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The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

BUZZ-Restaurant Group: worst day in 8 yrs on weak 2016 outlook

Reuters - UK Focus

** Restaurant Group (Other OTC: RSTGF - news) falls 13.4 pct, with traders citing more pessimistic guidance for 2016

** Frankie & Benny's and Chiquito owner says "we are more cautious than previously on outlook for 2016" in FY results

** FY turnover up 7.9 pct

** Berenberg says trading for 2015 in line with expectations but weaker guidance likely to weigh on stock

** Top faller on Stoxx 600 in heavy volume - entire day's average volume traded at the opening bell

** Worst day for the stock since January 2008

** Well-liked on sell-side - 11 "buy", 3 "hold", 1 "sell"; Starmine projects 5 yr EPS CAGR of 9.2 pct

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)